Extraction and related services, 2001, preliminary figures

The oil industries include operators' and licensees' activities related to the extraction of oil and gas (industry 11.10 in terms of SN 94) services related to the oil and gas industry (11.20) and pipeline transport of crude oil and natural gas (60.30).

The value added is determined by the three factors: production, prices and intermediate consumption.

While value added increased by NOK 10.3 billion and the overall petroleum production also experienced a moderate rise, the oil price decreased from 2000 to 2001.

In the extraction of oil and natural gas the value added declined. As for both services related to the oil and gas industry and for the pipeline transport of crude oil and natural gas an increase in value added was recorded. Value added in the extraction of oil and natural gas decreased by NOK 22.3 billion or 6.9 per cent from 2000 to 2001. In services related to the oil and gas industry value added increased by 23,4 per cent to NOK 7,9 billion.¹In pipeline transport of crude oil and natural gas the rise in value added came to NOK 5.4 billion or 38.6 per cent and was in 2001 NOK 19.5 billion.

Sales value went down

In 2001 the sales value of oil and gas production was calculated to NOK 319.2 billion. This was a fall of 8.5 per cent compared with 2000. Lower prices of crude oil contributed the most to the decrease in sales value. While average selling price of crude oil was $ 28.39 dollars per barrel in 2000, the average price fell to $ 24.44 dollar per barrel in 2001.

Increase in intermediate consumption

The intermediate consumption in the oil industries rose by 28.2² per cent to NOK 50.9 billion in 2001. The rise is NOK 11.2² billion and is mainly due to an increase in intermediate consumption in the producing oil and gas fields, which amounts to NOK 24.1 billion.¹This represents a rise of NOK 3.7 billion or 18.4 per cent from 2000 to 2001. The growth is mainly a result of an increase of the consumption of goods, repair operations and consumption of services. The intermediate consumption in the services related to the oil and gas industry increased by NOK 6,2 billion to NOK 15,7 billion, the pipeline transport went down 12 per cent.¹

Higher Employment

The increase in employment in extraction of oil and natural gas has been relatively low, 1.3 per cent, and came to 14 467 in 2001. The number of employees in services related to the oil and gas industry was 9 786, an increase of 26,4 per cent.¹A big part of this growth is due to some large companies that have come into the oil and gas industry since 2000.

While wage costs in extraction of oil and natural gas industries experienced a rise of 12.1 per cent, NOK 13.4 billion while wage costs in services related to the oil and gas industry increased by 2,2 billion to 6,7 billion from 2000 to 2001.¹

Tables:

• Table 1 Principal figures for extraction of crude oil and natural gas. 1997-2001. (Corrected 10 November 2004)
• Table 2 Intermediate consumption for fields on stream. 1997-2001. Million NOK
• Table 3 Principal figures for service activities incidental to oil and gas extraction excluding surveying. 1997-2001 (Corrected 12 March 2003)
• Table 4 Principal figures for transport via pipelines. 1997-2001. Million NOK